The City roundup video: Tesco suffers another blow as Warren Buffett sells off 250m shares
Video: Simon Neville provides a run-down of the day's major news from the City
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Tesco suffered another blow today as legendary US investor Warren Buffett sold off at least 250 million shares in the supermarket.
His investment firm Berkshire Hathaway now has a stake of less than 3% having previously owned more than 5% of the UK's biggest supermarket.
Buffett recently said his bet on Tesco had been a "huge mistake".
Elsewhere, it was some good news on the high street with WH Smith and Game Digital both seeing a rise in profits.
WH Smith managed a sixth successive year of growing profits, up to £112 million, with travel stores, particularly at London train stations as airports, performing best.
At Game, the computer game retailer which floated earlier this year, recorded a £7.3 million half year profit and said it expects a strong Christmas as more casual gamers buy the latest generation of Xbox and Playstation consoles.
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